Pay czar won't try to recoup $1.6B

Pay czar won't try to recoup $1.6B

There are 18 comments on the TwinCities.com story from Jul 23, 2010, titled Pay czar won't try to recoup $1.6B. In it, TwinCities.com reports that:

For all his tough talk about excessive pay for bankers, the Obama administration's pay czar let the executives go without a fight.

Join the discussion below, or Read more at TwinCities.com.

oilbama

Elk River, MN

#1 Jul 24, 2010
What a scam!! I have no faith in our government.
Insight

Saint Paul, MN

#2 Jul 24, 2010
Obama blew it on this one for sure. He seems to be trying to lose support.

Hillary 2012.
surprise surprise

Englewood, CO

#3 Jul 24, 2010
Did anyone really think the Obama administration would follow through on something that made sense?

No diappointment on my part. Never thought they'd follow through on this threat from the start. More executive bankers laughing all the way into a wealthy retirement package on taxpayer dollars and poor management. Business as usual.

Since: Feb 08

Baldwin City, KS

#5 Jul 24, 2010
Give this poor guy a break!

From the way you all carry on, one would think he was some kind of political hack Obama set up to sucker ignorant taxpayers via a compliant media?

He's just another poor, hard-working czar.
annie

Saint Paul, MN

#6 Jul 24, 2010
all the bankers have to do is pay the dear dictator obumbler some cash - problem solved
Unsurprised

Minneapolis, MN

#8 Jul 24, 2010
JP Morgan Chase, Lehman Bros, et al. were all major Obama contributors. Plus the administration knows that in reality, that's how Wall St. works. Most big time traders take their income as bonuses rather than salary.

Feinberg's job is to score some cheap political points and threaten those who don't comply with the administration's desires with the spectre of being pilloried in the media. He's like a hired goon and a PR flack all in one.
John Carifidy

Minneapolis, MN

#9 Jul 24, 2010
I wonder if the bankers gave our pretender in chief some cash to stash away in his freezer beside the sickle and hammer baking soda...like Charlie Rangel.
Al Bundy

Minneapolis, MN

#10 Jul 24, 2010
Unbelievable. Not Dems, not Republicans, then who will actually step up and reign companies like these in? How much more tax money do we have to watch swirl around the bowl of corporate greed?
The previous administration and congress was going to shrink government, how did that work out?
Did one Republican ever try to present legislation to remove all the obscene perks of the congressional retirement and healthcare packages? Nope.
Frauds- All of them.
In the Middle

Minneapolis, MN

#11 Jul 24, 2010
Observer wrote:
Of course they won't. Obama is an empty suit placed there to drain the last bit of wealth from anyone who isn't a member of his "in-crowd". This man and all his lackeys are crooks of the highest order.
http://www.examiner.com/x-36867-Minneapolis-E...
Can you please STOP with the third party links to this rag of an online BS fest? Make your point in the blog and leave it at that. If your Observer can't stand on it's own for readership, why look for free publicity/advertising from an established company? Must be one of those left-wing socialists trying to get something for free.

Pioneer Press staff-- Can you start charging (and removing) for each time links to 'the examiner' are posted on your site?
IronRanger

Minneapolis, MN

#12 Jul 24, 2010
Heritage Foundation: 7-22-10

The American people are already well aware of President Barack Obama's historic expansion of government spending: his $862 billion economic stimulus that has completely failed to keep unemployment below 8% as promised; his still-expanding health care law which the Congressional Budget Office now admits will cost more than $1 trillion; and an Obama budget that increases government spending by $12,000 per household. But all that spending is just the first half of President Obama's game plan.

The second half of Obama's attempted transformation began last night when the Senate rejected Sen. Jim DeMint's (R-SC) effort to end the Death Tax. This year is actually the first year since 1916 that Americans do not have to pay any federal taxes when a family member dies. But thanks to the way Congress had to pass the legislation that phased out the Death Tax in 2001, it is set to go from zero percent to 55 percent at the stroke of midnight on December 31, 2010. The Death Tax is but one of many government taxes on capital and entrepreneurship, and its reinstatement will be yet another job killer from the Obama administration. It rewards estate tax lawyers, insurance companies and big businesses at the expense of small family-owned enterprises. According to a study by the American Family Business Foundation, a full repeal of the death tax, like the one rejected by the Senate last night, would create 1.5 million jobs. Before the vote, Sen. DeMint described the tax as an "unfair, immoral double tax on property and assets that folks have already paid taxes on throughout their lives." He added: "The Obama death tax is just the latest example of this administration's assault on small businesses."

Sen. DeMint is dead on. Last night's vote to raise the Death Tax is just the beginning of the Obama administration's historic tax hike campaign. Unless Congress acts to oppose President Obama's agenda, everyone's taxes on personal income, capital gains and dividends will rise. Married couples will see their taxes rise even higher, as will families with children. According to The Tax Foundation, a family of four with two earners making $85,000 a year would pay about $1,800 more in federal income taxes in 2011. Tax Foundation president Scott Hodge tells MSNBC: "I'm hard pressed to think of another moment in the history of the tax code in which we have had so many provisions expire at the same time impacting so many Americans all at once."

For two generations after post-war reconstruction, Europe and America have pursued different economic models, and accordingly, moved in different economic directions. The American model was low tax, low spending and small government. It favored growth, income and vibrancy. The European model is high tax, high spending and big government. It favored fairness, equality and stability. It also featured unemployment rates double those of the United States, often hovering around 10 percent. Now that is no longer the case. Under Obama's economic leadership, U.S. unemployment rates are surpassing Europe's.

Last night's vote was just the beginning of a larger choice the American people must make: do they want to continue down the Obama path of high taxes, high spending and high unemployment? Or do they still believe in American exceptionalism, in limited government and in a vibrant U.S. economy? Last night's vote was a step in the wrong direction.
IronRanger

Minneapolis, MN

#13 Jul 24, 2010
In the Middle wrote:
<quoted text>
Can you please STOP with the third party links to this rag of an online BS fest? Make your point in the blog and leave it at that. If your Observer can't stand on it's own for readership, why look for free publicity/advertising from an established company? Must be one of those left-wing socialists trying to get something for free.
Pioneer Press staff-- Can you start charging (and removing) for each time links to 'the examiner' are posted on your site?
Relax... Who's holding the gun to your head? Geez! You could copy and paste your comment to a thousand people a day here.
Seeker

Tempe, AZ

#14 Jul 24, 2010
In the Middle wrote:
<quoted text>
Can you please STOP with the third party links to this rag of an online BS fest? Make your point in the blog and leave it at that. If your Observer can't stand on it's own for readership, why look for free publicity/advertising from an established company? Must be one of those left-wing socialists trying to get something for free.
Pioneer Press staff-- Can you start charging (and removing) for each time links to 'the examiner' are posted on your site?
Oh, de pain Both. Make them stop with the truth needle, Both.
Dick

Minneapolis, MN

#15 Jul 24, 2010
"he would not try to recoup $1.6 billion in compensation given to top executives at bailed-out banks because he thought shaming them was punishment enough". Are you kidden me? Give me a few hundred million dollars and you can "shame" me all you want. Those exec's aren't going to be shamed either. They are greedy, money hungry a..holes. But then again, for a few hundred million, I could live with myself too. Maybe I'm just jealous.
Patriot

AOL

#16 Jul 25, 2010
Dick wrote:
"he would not try to recoup $1.6 billion in compensation given to top executives at bailed-out banks because he thought shaming them was punishment enough". Are you kidden me? Give me a few hundred million dollars and you can "shame" me all you want. Those exec's aren't going to be shamed either. They are greedy, money hungry a..holes. But then again, for a few hundred million, I could live with myself too. Maybe I'm just jealous.
"you bad CEO's hold out your hands (slapping noise). Now go home and take your money with you"

Another tower of jello from the administration. You are right, for a hundred million dollars, you could tell me I did a bad job, and I would slink away to my lake home and feel terrible, for seconds on end!
Please please shame me

Brainerd, MN

#17 Jul 25, 2010
Let me steal a few hundred million and then shame me. That'll fix me!
If I were homeless because of those guys I'd be pitching a tent on their front lawn and using their pool for a bath.
Bob the Bilderberger

Minneapolis, MN

#18 Jul 25, 2010
Only Marxist countries have pay czars. Next the government will be telling your employer what YOU should be paid.
Sweetheart Deal

Farmington, MN

#19 Jul 26, 2010
Feinberg's just like the rest of the DC/NY biggies. Why should he try to stop the Wall Streeters from cashing in on larger than life bonuses? He probably gets a sweetheart deal on the street when he leaves his DC job. The greed from Wall Street, government officials, corporate big wigs is asstounding. The is absolutely no compassion for the "little" guy. This admisistration is no better and maybe worse than the previous one. The tail (government) is certainly wagging the dog (us.) Guess what, if you haven't figured it out yet, you and I are working for the government. Washington, DC sucks.
Obama

Elk River, MN

#20 Jul 26, 2010
I hear that Obama is out in 2012 no matter what. Either a republican wins or Hillary is in. The dems aren't going to stand behind Obama anymore. I guess all that hope and change isn't working out too well.

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